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Discussion
An important limit of monero is its lack of scalability and store of value. Its rules to prevent ASIC keep it semi centralized. For a privacy token it may be useful for the edge cases where privacy is important, but cash isnt suitable. For swap in, it may be more practical for people to use Liquid which has a 1:1 ratio pegged in/out from sats and support for confidential transactions. Its important to consider ones needs now, and in the future and tradeoffs involved in any exchange.
Lack of scalability? What do you mean? It has dynamic block sizes.
It’s not supposed to be a store of value it’s meant to be spent like cash.
Lack of asic stops gigantic miners from controlling the hash rate thus keeping mining more decentralized.
1. No scalability concern as block sizes change dynamically. Unlike bitcoin.
2. By not using asics (billion dollar companies control mining for BTC) Monero in contrast allows mining on regular computers. (Truly Decentralized)
3. BTC was booted from the darknet, and there are many many more markets that when Monero is accepted it immediately gains traction and becomes the new leader.
4. XMR is the best for daily use and store of value. Let the big corporations and governments control with BTC. XMR will be for the people who want privacy and freedom long term.